NICE » Topics » FAST Video Security AG Acquisition

This excerpt taken from the NICE 20-F filed Apr 6, 2009.

FAST Video Security AG Acquisition

        On January 4, 2006, pursuant to a share purchase agreement, we acquired all the outstanding shares of FAST Video Security AG, a Switzerland-based developer of innovative video systems for security and surveillance purposes, for approximately $22 million in cash, plus earn-outs based on performance milestones. For 2006 we paid an earn-out of approximately $6.2 million and for 2008 there was no earn-out payment.

This excerpt taken from the NICE 20-F filed Apr 14, 2008.

FAST Video Security AG Acquisition

        On January 4, 2006, pursuant to a share purchase agreement, we acquired all the outstanding shares of FAST Video Security AG, a Switzerland-based developer of innovative video systems for security and surveillance purposes, for approximately $22 million in cash, plus earn-outs based on performance milestones of approximately $6.2 million for 2006 and a potential maximum of $5 million for 2008.

This excerpt taken from the NICE 20-F filed Jun 13, 2007.

FAST Video Security AG Acquisition

        On January 4, 2006, pursuant to a share purchase agreement, we acquired all the outstanding shares of FAST Video Security AG, a Switzerland-based developer of innovative video systems for security and surveillance purposes, for approximately $22 million in cash, plus earn-outs based on performance milestones of approximately $6.2 million for 2006 and a potential maximum of $5 million for 2008.

This excerpt taken from the NICE 20-F filed May 17, 2006.

FAST Video Security AG Acquisition

          On January 4, 2006, pursuant to a share purchase agreement, we acquired all the outstanding shares of FAST Video Security AG, a Switzerland-based developer of innovative video systems for security and surveillance purposes, for approximately $21 million in cash, with potential earn-outs based on performance milestones amounting to a maximum of $12 million payable over the next three years.

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